What is a Mortgage Broker, and What Do They Do?

Mortgage brokers, also known as mortgage advisors, act on behalf of an applicant (the person buying the property) to arrange a suitable product with the lender (of the mortgage loan).

Some banks or estate agents have their own mortgage advisors in-house but you may be better with a whole-of-market broker that has access to not only the high-street lenders but also specialists and broker-only lenders.

An advisor will find out how much you can borrow and how much deposit you will need as well as helping you with the application process.

A good mortgage broker will offer impartial, tailored advice for you and your situation. This includes looking at bad credit, income, or any other factors that may impact your application and advising you appropriately.

As mentioned above, they aren’t limited to specific lenders. Whole-of-market brokers have your best interests at heart. Our partner brokers, for example, search thousands of products to find the most suitable for you and your situation and then help you with the process right through to completion. The whole-of-market search ensures that the advisors are finding the very best offers available.

Online appointments are something we are now all too familiar with and whilst it’s great to have face-to-face meetings with advisors, arranging a mortgage over phone, text and email can be convenient and speed up the process – all without losing that personal touch that specialists can offer.

Costs vary between brokers. Our partner brokers offer all initial conversations at no cost and no obligation. Fees will only be payable should the application proceed but this will be discussed with your broker as it may vary with case complexity.

Our free service acts as quality-assurance. We match applicants with advisors that suit them. All of our partner brokers are regulated by the Financial Conduct Authority, are whole-of-market and offer proven great service.

Self-employed, poor credit, first-time buyers and help-to-buy, are just a few of the specialisms that our broker network can offer.

It’s online, quick, and easy to get started. You can even get evening and weekend appointments should you need them.